A survey found that next year's rental market will see both jeonse and monthly rent prices rise.
According to the results of a survey titled "Outlook for the 2026 jeonse and monthly rent market" conducted by real estate platform Dabang from the 9th to the 15th of this month on 2,123 app users, the view that both jeonse and monthly rent will rise was dominant.
Since Dabang began its "rental market outlook survey" in 2023, this is the first time the outlook for both jeonse and monthly rent has been predominantly for increases. Until now, respondents projected the jeonse market as "flat" and the monthly rent market as "rising" for last year and this year.
For next year's jeonse market outlook, "rising" was the most common response at 1,168 people (55%), followed by "flat" at 693 (32.6%) and "falling" at 262 (12.3%).
As the main factor for a rise in jeonse, the largest share of respondents (31.5%) cited "interest rate hikes." That was followed by "increased demand for jeonse" (25.9%), "rising sale prices" (24.5%), and "decreased move-in supply" (18.2%).
For the monthly rent market outlook, "rising" was also the most common response at 1,418 people (66.8%). That was followed by "flat" at 593 (27.9%) and "falling" at 112 (5.3%), which was found.
Reasons cited for a rise in monthly rent included "increased demand for monthly rent" (40.2%), "rising jeonse prices" (29.4%), "interest rate hikes" (20%), and "economic downturn" (10.4%).
By age group, the most common response across all ages was that the jeonse and monthly rent market will rise. The share expecting the jeonse market to rise was highest among those in their 50s at 58.7%, followed by those 60 and older (57.7%), those in their 40s (55.5%), those in their 30s (52.6%), and those in their 20s (49.8%).
For the monthly rent market, those 60 and older showed the highest expectation for increases at 72%, followed by those in their 50s (70.1%), 40s (67%), 30s (63.9%), and 20s (62.2%).
A Dabang official said, "Across all age groups there was a common outlook for rising monthly rent," and noted, "Policy responses are needed to ease the burden of housing costs."